Hannah Jones of Realtor.com reports this week that home sales “gained significant ground” last month, jumping 14.5% month-over-month. This was primarily caused by the beginning of the spring buying season…
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Tips, tools, and news for rental investors.
Top real estate markets for Q2 2023
Rates and inflation Today, the Federal Reserve announced a 0.25% increase to its federal funds rate following weeks of banking sector turmoil. This comes amid inflation reports from last week…
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Silicon Valley Bank collapse a boost to real estate?
Silicon Valley Bank (SVB) went into receivership late last week as concerns over the bank’s ability to service depositor withdrawal requests grew. The Federal Deposit Insurance Corporation (FDIC) stepped in…
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Home prices still up 5.8% YOY in December 2022
Last week saw the release of the CoreLogic S&P Case-Shiller Index, which was down from its December peak but still up 5.8% year over year. Chief economist Selma Hepp notes…
Office real estate and a 4-day workweek
Investors are being more cautious than usual these days, with recession fears and interest rates seemingly unstable. CBRE released its 2023 U.S. Investor Intentions Survey, which reports subdued sentiment among…
All cash purchases on the rise in 2023, here’s why
All-cash purchases are on the rise, according to recent data from the National Association of Home Builders (NAHB). David Logan reports that cash purchases made up 11.2% of all new…
Average age of homes at 40 years, signaling forthcoming renovation boom
Commercial real estate as a whole is facing a bumpy ride. The Green Street Commercial Property Price Index dropped by 0.6% in January month-over-month. This index decreased 14% from its…
What the jobs report means for real estate
The blockbuster jobs report surprised all in the media, adding half a million jobs and coming in significantly higher than the monthly average of 350,000 over the past few months.…
Home prices won’t dramatically decrease in 2023, report finds
New rent data from Apartment List shows that the rapid deceleration of rental prices is ongoing. The national rent index dropped by 0.3% month over month in January, the fifth…